Invesco NASDAQ Internet ETF (NASDAQ:PNQI) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its holdings in shares of Invesco NASDAQ Internet ETF (NASDAQ:PNQI) by 8.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,485 shares of the company’s stock after selling 1,115 shares during the quarter. Kovack Advisors Inc. owned approximately 0.06% of Invesco NASDAQ Internet ETF worth $458,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PNQI. UBS Group AG increased its position in shares of Invesco NASDAQ Internet ETF by 44.5% during the fourth quarter. UBS Group AG now owns 898,893 shares of the company’s stock worth $32,423,000 after purchasing an additional 276,992 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Invesco NASDAQ Internet ETF during the fourth quarter worth approximately $2,582,000. Wells Fargo & Company MN increased its position in shares of Invesco NASDAQ Internet ETF by 40.9% during the fourth quarter. Wells Fargo & Company MN now owns 193,655 shares of the company’s stock worth $6,985,000 after purchasing an additional 56,211 shares in the last quarter. Raymond James & Associates increased its position in shares of Invesco NASDAQ Internet ETF by 124.7% during the fourth quarter. Raymond James & Associates now owns 79,798 shares of the company’s stock worth $2,878,000 after purchasing an additional 44,283 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco NASDAQ Internet ETF by 407.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 54,900 shares of the company’s stock worth $1,980,000 after purchasing an additional 44,090 shares in the last quarter.

Invesco NASDAQ Internet ETF Stock Performance

Shares of PNQI traded up $0.09 during trading hours on Thursday, hitting $41.58. 67,184 shares of the stock were exchanged, compared to its average volume of 112,302. The stock’s 50-day moving average price is $39.98 and its two-hundred day moving average price is $38.80. The company has a market cap of $790.85 million, a price-to-earnings ratio of 8.95 and a beta of 1.15. Invesco NASDAQ Internet ETF has a 12-month low of $28.84 and a 12-month high of $41.63.

Invesco NASDAQ Internet ETF Profile

The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.